Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but it made a bounce back at the end of the week. The recent update that China’s ministry of commerce has announced the initial launch of the country’s digital currency in selected cities. The cities that have been selected [...]
Fundamental view: The British pound pulled back a bit in the week initially and bounced back to form a bullish rally. US JOLTS Job Openings on 11th Aug and US Core PPI monthly report on 11th Aug created a bearish trend for the pair whereas Unemployment Rate on 11th Aug and Prelim GDP quarterly report [...]
Fundamental view: Positive economic data out of the United States appears to have been the primary driver behind the USD/JPY exchange rate’s recent recovery from the July low, as investors mull the lack of progress in fiscal stimulus talks between Republicans and Democrats. Current Account on 11th August, Japan PPI yearly report on 13th August created [...]
Fundamental view: The Euro initially fell in the week initially but managed to overcome and formed a slightly bullish candle first and a bullish rally continued till the week. US Unemployment Claims bearish moment on 13th August created a bearish atmosphere for the pair whereas US JOLTS Job Openings on 10th August, Europe ZEW Economic [...]
